Health Savings Accounts (HSAs)
Protect your financial and physical health in one go.
Combining a Health Savings Account (HSA) with a High Deductible Health Plan (HDHP) helps protect you against major healthcare costs, and provides a potential savings reservoir if you don’t have medical expenses.
What you can cover with an HSA
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Qualified medical expenses, including doctor visits, prescription drugs, hearing aids, non-cosmetic dental treatments, and more.
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COBRA insurance and qualified long-term care insurance and expenses.
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Laboratory fees that are part of medical care.
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Eligible expenses for spouses or dependents, even if they are not covered by the HDHP.
HSA Benefits
Meridian Trust HSAs have no monthly or annual fee. Plus, accessing your HSA funds is easy with our HSA debit card.
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Contributions are tax-deductible, and earnings are tax-deferred. Plus, withdrawals can be tax-free.
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Don’t worry about losing your money on January 1. Your balance carries over from year-to-year.
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Your HSA remains with you, regardless of change in coverage or employment.
Current rates
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Minimum Opening Balance |
Minimum Balance to Earn APY |
Dividend Rate |
APY* |
|---|---|---|---|
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*APY=Annual Percentage Yield. Rates may change without notice. Rates above are effective as of December 5, 2022. Penalty may be imposed for early withdrawal. Special promotional rates may not be combined with other offers. Fees could reduce the earnings on the account. Membership required. |
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Minimum Opening Balance $0 |
Minimum Balance to Earn APY $100 |
Dividend Rate 0.05% |
APY* 0.05% |